Shares of Impel NeuroPharma (NASDAQ: IMPL) are shooting higher in response to Food and Drug Administration approval of the company’s first drug. On Friday morning, the FDA approved Trudhesa, a new nasal spray made with an old migraine drug called dihydroergotamine mesylate. This is an especially big deal for Impel NeuroPharma because previously the company didn’t have any means of generating revenue.
(Bloomberg) — Japanese stocks climbed to a 30-year high after Prime Minister Yoshihide Suga’s plan to resign spurred hope that his successor will increase stimulus spending and be more adept in handling the pandemic.The benchmark Topix index jumped 1.6%, rising to the highest level since April 1991, while the Nikkei 225 Stock Average rallied 2.1%. Japanese stocks were Asia’s best performers as all 33 industry groups advanced on the Topix. The yen and Japanese government bonds declined. “This is
(Bloomberg) — Belize struck an agreement in principle with a group of bondholders to buy back its debt at a discount — but with an unusual, ocean-friendly twist.Under the accord announced Friday, the Caribbean nation would purchase, redeem and cancel all of its outstanding dollar bonds, the nation’s Ministry of Finance and bondholder group said in statements. Belize has about $530 million of its so-called superbond outstanding, according to data compiled by Bloomberg. What is unusual is the fi
(Bloomberg) — Wall Street to Senate Democrats: meh, whatever. Stocks barely budged after Bloomberg News reported that Democratic lawmakers are considering slapping an excise tax on stock repurchases or treating them as taxable dividends as a way to offset some spending proposals. On the face of it, that could see corporations slow the flood of cash into buybacks — some $370 billion already this year — that some argue props up share prices. But a possible proposal by one party, even the one wi
Kyle Hranicky, the head of Wells Fargo’s middle marketing banking unit, which is housed within the commercial banking unit, will succeed Pelos, effective immediately. Hranicky, who has spent 26 years at Wells Fargo and was the former head of its corporate banking group, will join the bank’s operating committee as well.
Forte Biosciences (NASDAQ: FBRX) is tanking today after the company announced the clinical trial of FB-401 for the treatment of atopic dermatitis failed to meet statistical significance. “We are appreciative of the clinical trial sites and the patients for participating in this trial and we are grateful to our investors for taking the risk to support the advancement of a new therapeutic modality for atopic dermatitis,” said Paul Wagner, CEO of Forte Biosciences. “The topline data is disappointin
Shares of cruise line stocks Carnival Corporation (NYSE: CCL) and Royal Caribbean (NYSE: RCL) both slumped in Friday trading, closing the day down 4.4% and 4.2%, respectively. The jobs report — and Delta — seem to blame. The U.S. Department of Labor reported today that the U.S. economy added only 235,000 jobs to its pandemic-wreaked rolls in August — less than one-third of the 720,000 new jobs that economists had forecast.
Nvidia (NASDAQ: NVDA) stock popped 14.8% in August, significantly outpacing the S&P 500’s 3% return, according to data from S&P Global Market Intelligence. Nvidia stock is having a great year. On Aug. 18, Nvidia released fiscal second-quarter results that beat Wall Street’s consensus estimates for revenue and earnings, and issued fiscal third-quarter guidance for the top and bottom lines that also came in higher than analysts had been expecting.
Under previous CEO Randall Stephenson, AT&T (NYSE: T) took on massive debt to build an entertainment empire. AT&T’s stock price dropped after the company announced its WarnerMedia division would combine with Discovery to form a new entertainment entity, and the deal would impact AT&T’s high-yield dividend.
In this article, we will be taking a look at 10 financial services dividend champions to buy now. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Financial Services Dividend Champions to Buy Now. The financial services sector was one, like many others, that was terribly impacted by […]